UbcNews

"Friendly Fraud"It may sound like an oxymoron - and in some ways, it is - but it is also a serious threat to businesses everywhere. In the age of digital payments when so many businesses are moving to a 100% cashless model, it has never been easier for customers to file chargebacks. While this may be a great thing for customers who have been unjustly charged, the potential for the system to be abused is not only present, but often exploited as well.

"Friendly fraud" is so-called because it is often inflicted without any malintent. Customers are human, humans are forgetful and fickle - however, this doesn't make the problem any easier to deal with from a merchant's point of view.

This inherent difficulty, however, has not stopped Speedy Holdings Group from working towards a solution.

Their recently announced Financial Protection Services will give merchants a safe zone when chargebacks do occur. Rather than the chargeback being pulled directly from a business' credit, it will be covered through the use of a small loan, ensuring that businesses are never in debt to their creditors due to a chargeback situation.

The demand for this technology is extremely high, particularly in the small business sector, making this announcement a valuable opportunity for private investors - read on to find out how the platform is expected to grow post-launch, and how you could potentially profit from this new product.

Before we can discuss this new service, we must understand the current consequences that friendly fraud can cause. Chargeback disputes can cause a wide variety of problems for business, including direct loss of revenue, the incurring of penalties from the credit company, permanent loss of access to e-payment systems, and time loss due to lengthy dispute processes.

When this financial protection service launches, it will allow businesses to mitigate 100% of chargeback losses, ensuring that their credit stays positive and no additional fees need to be paid.

To accomplish this, Speedy Holdings Group will disperse a small loan to cover the chargeback costs, eliminating the credit liabilities associated with chargebacks entirely.

Financial Protections Services will be available to individuals regardless of their credit histories or current account status. Businesses who have previously been placed on the MATCH list - a database of merchants who have had their access to payment services revoked - may also be able to take advantage of the Speedy Holdings Group credit restoration service ahead of enrollment in the new financial protection program.

By synergizing this new launch with their other services, Speedy Holdings Group is creating an incredibly lucrative investment opportunity given that both new and pre-existing customers will be likely to sign onto the program.

A spokesperson for Speedy Holdings Group stated, “The typical small business would normally not qualify for many products due to challenged credit, short time in business or low volume. We help these same merchants increase their revenue while lowering their liabilities at the same time.”

This service will become active in early 2024, and is expected to further evolve post-launch to provide similar protections for debit accounts to avoid chargeback-related overdraft fees. Speedy Holdings Group is in the process of raising funds to support the service, and is inviting investors to read more about the service on their website.

The company is projected to become profitable after a 3-month period, with potential valuation in excess of $100 billion - translating to a $30 billion yearly profit.

Additionally, the Financial Protection Services business model is capable of generating 100% returns on all capital deployed on their platform in a 60-day period. To find more information on this unique investment opportunity, visit the link in the description. Financial Protection Services City: Melbourne Address: 65 E Nasa Blvd Website https://speedyhg.com Phone +1 888 318 2986 Email scott@speedyholdingsgroup.com